Group 1: Shanghai International Financial Center - The People's Bank of China introduced the "Action Plan to Further Enhance the Facilitation of Cross-Border Financial Services" focusing on the construction of the Shanghai International Financial Center and improving cross-border financial service facilitation [1] - The Action Plan features four highlights: pilot policies, optimized business processes, innovative products and services, and digital empowerment [1] Group 2: Global Economic Outlook - The IMF's latest Fiscal Monitor report warns that rising tariffs and weak growth prospects could worsen global public debt, with recent U.S. tariff measures and retaliatory actions from other countries leading to increased market volatility and heightened risks [1] - The Federal Reserve's Beige Book indicates minimal change in economic activity, with uncertainty in international trade policies affecting various regions, suggesting a prolonged period before potential interest rate cuts [2] Group 3: Trade and Export Data - In February, EU exports to the U.S. surged by 22.4% year-on-year, reaching €51.8 billion, marking the highest growth rate in 13 months, while imports from the U.S. increased by 2.4% to €28.2 billion [2] - The Eurozone's adjusted trade surplus for February was €21 billion, exceeding expectations of €15 billion, with an unadjusted surplus of €24 billion [2] Group 4: Manufacturing and Services PMI - The U.S. April manufacturing PMI preliminary value was 50.7, above expectations of 49.1, while the services PMI preliminary value was 51.4, below expectations of 52.8 [2] - The Eurozone's April manufacturing PMI preliminary value was 48.7, above expectations of 47.5, while the services PMI preliminary value was 49.7, below expectations of 50.5 [3] - The UK's April manufacturing PMI preliminary value was 44.0, matching expectations, while the services PMI preliminary value was 48.9, below expectations of 51.3 [3] - Japan's April manufacturing PMI preliminary value was 48.5, while the services PMI preliminary value was 52.2, indicating mixed performance [3]

Core Viewpoint - The People's Bank of China (PBOC) is set to hold a press conference on April 23 to introduce the "Action Plan for Further Enhancing Cross-Border Financial Service Facilitation in Shanghai International Financial Center" [1][6] Group 1: Action Plan Overview - The Action Plan aims to deepen financial institutional opening-up and enhance support for "going global" enterprises and the Belt and Road Initiative [6] - It focuses on leveraging Shanghai's role in the new development pattern, facilitating safer, more convenient, and efficient international competition and cooperation [6] - The plan includes 18 key measures across five areas: improving cross-border settlement efficiency, optimizing exchange rate hedging services, strengthening financing services, enhancing insurance protection, and perfecting comprehensive financial services [6] Group 2: Implementation and Impact - The PBOC and Shanghai Municipal Government will collaborate with relevant departments to implement the measures outlined in the Action Plan [6] - The initiative is expected to enhance the competitiveness and influence of Shanghai as an international financial center, promoting high-quality economic development and high-level opening-up [6]